What are the responsibilities and job description for the Restaurant Cost Analyst position at Turning Point?
Benefits:
Key Responsibilities:
Cost Control & Analysis:
Education & Experience:
- 401(k)
- Competitive salary
- Employee discounts
- Opportunity for advancement
- Paid time off
Key Responsibilities:
Cost Control & Analysis:
- Analyze and maintain accurate menu costing, including ingredient pricing and portioning.
- Conduct Actual vs Theoretical (AVT) variance analysis to identify discrepancies between actual and theoretical costs.
- Collaborate with operations teams to improve cost efficiencies.
- Monitor cost trends and provide recommendations to enhance profitability.
- Ensure accurate data entry and reporting in restaurant accounting systems (e.g., R365).
- Oversee inventory counts, reconcile to general ledger & ensure accurate reporting.
- Implement and maintain inventory control systems, tracking stock movements and minimizing discrepancies.
- Work closely with purchasing and kitchen teams to standardize recipes and portion controls.
- Monitor daily inventory for high-cost limited time offerings (LTO) such as lobster tails.
- Generate detailed cost reports, including food cost percentage, variance analysis, and profitability insights.
- Track and analyze sales mix, menu pricing, and gross profit margins.
- Provide management with accurate and timely cost reports for strategic decision-making.
- Maintain and improve cost control and inventory management software.
- Integrate and optimize data across Aloha POS & Restaurant365 (restaurant management software)
- Automate reporting processes to improve efficiency and accuracy.
Education & Experience:
- Bachelor’s degree in accounting, Finance, Business Administration, Hospitality Management, or a related field.
- Experience in Multi-Unit restaurant operations.
- Excel proficiency (pivot tables, data analysis).
- Background in data analytics or business intelligence tools.
- Familiarity with Aloha POS and Restaurant365 Restaurant Management Software
- 401(k)
- Competitive salary
- Employee discounts
- Opportunity for advancement
- Paid time off
- The position is in person and based in our Oakhurst, NJ location